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257 S Mulberry St, Hagerstown, MD, 21740

5beds
3baths
1,728sqft
$299,000
$173price/sqft
$2,121/moest. monthly cost
$84,840/yrincome needed

About This Home

Income-producing home with 1,700 finished sq ft and a layout renters love. The main level offers a spacious living room, upgraded kitchen, dining area, and half bath, while upstairs features a private owner’s suite with an en-suite bath plus two generously sized bedrooms sharing a second full bath. Situated on a desirable corner lot with a great yard and convenient access to shopping, dining, and major highways. Strong investment opportunity: currently tenant-occupied and rented for $2,500/month, offering immediate cash flow for an investor seeking a turnkey rental. Photos have been virtually staged.

Getting Around

79
WalkingVery Walkable
26
TransitSome Transit
58
BikeBikeable

Schools

5/10
Bester Elementary SchoolGrades PK-50.2 mi
7/10
4/10

Construction

Condition

  • Property condition: Excellent
  • Year built: 2022

Materials

  • Foundation: Crawl Space
  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator,Cooktop,Electric Water Heater

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Breakfast Area,Open Floorplan,Primary Bath(s),Soaking Tub,Bathroom - Tub Shower,Dry Wall
  • Window features: Double Pane Windows
  • Flooring: Carpet,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 1,728

Heating & Cooling

  • Heating features: Heat Pump,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,728
  • Total interior livable area: 1,728 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2217001388
  • Zoning: RMED
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 2,542 sqft

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters Across Maryland Counties

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,511$18,132
Home Insurance *$114$1,368
Property Taxes $215$2,580
Electricity $281$3,374
Total$2,121$25,452
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,720/yr
40% on housing$63,630/yr
45% on housing$56,560/yr

Maryland FAIR Plan Programs

Maryland Joint Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 678Commercial: 44
Total Premiums$854,000
Total Exposure$326.56M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.0%
11.0%
0%30.0%
Electricity Growth Rate10-year average: 8.1%
8.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$173This listing

vs Other Active Listings

Avg $/sqft

ZIP 21740$129
Washington County$147

vs Homes Sold Last Month

Median $/sqft

ZIP 21740$180
Washington County$193

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-20Price change$299,000
2026-02-22Listed for sale$349,900
2023-06-24Listing removed--
2023-06-23Listed for rent$2,900
2023-06-13Listing removed--
2023-06-02Listed for rent$2,900
2022-08-12Sold$250,000
2022-07-04Contingent$250,000
2022-07-04Price change$250,000
2022-07-01Listed for sale$225,000
2017-01-05Sold$5,000
2015-11-28Listing removed$15,000
2014-11-27Listed for sale$15,000
2010-05-18Sold$14,500
2004-10-26Sold$22,000

For Sale by Agent

AgentNWABUEZE OKWODU
BrokerageSamson Properties

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